Question: X Problem 6-43 (algorithmic Question Help Your company needs a machine for the next seven years, and you have two choices (assume an annual interest

X Problem 6-43 (algorithmic Question Help Your X Problem 6-43 (algorithmic Question Help Your company needs a machine

X Problem 6-43 (algorithmic Question Help Your company needs a machine for the next seven years, and you have two choices (assume an annual interest rate of 6%). Machine A costs $130,000 and has an annual operating cost of $39,000. Machine A has a useful life of seven years and a salvage value of $10,000. Machine B costs $180,000 and has an annual operating cost of $22,000. Machine B has a useful life of five years and no salvage value. However, the life of Machine B can be extended by two years with a certain amount of investment. If Machine B's life is extended, it will still cost $22,000 annually to operate and still have no salvage value. What would you pay at the end of year 5 to extend the life of Machine B by two years? Click the icon to view the interest factors for discrete compounding when i 6% per year. You should pay Round to the nearest dollar

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